Chōsen Industrial Bank
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Chōsen Industrial Bank
The Chōsen Industrial Bank ( ''Chōsen Shokusan Ginkō'', ''Joseon Siksan Eunhaeng''), also referred to as Chosen Colonization Bank or Joseon Industrial Bank, was a major financial institution in Korea under Japanese rule and its immediate aftermath. It was formed in 1918 by merging six banks established under the Korean Empire. In 1950, it was renamed the Korea Industrial Bank (, not to be confused with the later Industrial Bank of Korea), and eventually liquidated in 1954 with its viable operations transferred to the newly created Korea Development Bank. Overview In 1906, at the initiative of its Japanese financial adviser , the Korean Empire decreed the establishment of agricultural and industrial banks to stimulate the country's economy. 11 such banks had been established on a local basis by 1908, including the Hanseong Agricultural and Industrial Bank () in what is now Seoul. That year, they were merged into six establishments. In June 1918, the six banks were merged into ...
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Chosen Industrial Bank Head Office
Chosen or The Chosen may refer to: Books * ''The Chosen'' (Potok novel), a 1967 novel by Chaim Potok * ''The Chosen'', a 1997 novel by L. J. Smith * ''The Chosen'' (Pinto novel), a 1999 novel by Ricardo Pinto * ''The Chosen'' (Karabel book), a book by Jerome Karabel * ''Chosen'' (Dekker novel), a 2007 novel by Ted Dekker * ''Chosen'' (Cast novel), a novel in the ''House of Night'' fantasy series * ''Chosen'' (Image Comics), a comic book series by Mark Millar Film and television *''Holocaust 2000'', also released as ''The Chosen'', a 1977 horror film starring Kirk Douglas * ''The Chosen'' (1981 film), a film based on Potok's novel * ''The Chosen'' (2015 film), a film starring YouTube personality Kian Lawley * ''The Chosen'' (2016 film), by Antonio Chavarrías, based on the murder of Leon Trotsky in 1940 * ''The Chosen'' (TV series), by Dallas Jenkins based on the life of Jesus Christ * ''Chosen'' (2016 film), by Jasmin Dizdar, a World War II thriller set in Hungary * ''Chosen'' (A ...
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Korea Savings Bank
Korea First Bank (), sometimes also referred to as Jeil Bank, was a Korean bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ... that operated between 1929 and 1997. It was one of five most prominent banks in South Korea by the mid-1990s, together with Chohung Bank, Korea Commercial Bank, Hanil Bank, and Seoul Bank. It was initially established in Korea under Japanese rule in 1929 as the Chōsen Savings Bank (), Following the division of Korea, it changed its name in May 1950 to Korea Savings Bank (), and in December 1958 to Korea First Bank. In December 1997, Korea First Bank was determined as insolvent following a bank run. It was subsequently recapitalized by the Korean authorities, and eventually acquired by Standard Chartered in 2005 to become Standard Chartered Korea. Un ...
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Economy Of Korea Under Japanese Rule
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, mone ...
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Banks Established In 1918
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ...
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Daehan Cheon-il Bank
Daehan Cheon-il Bank (), sometimes transcribed as Daehancheonil Bank, was the first viable domestic joint-stock bank in Korea, established in 1899. In its early years it was one of only two Korean-owned Western-style banks, together with the Hanseong Bank (est. 1897). In 1911 it was renamed Chōsen Commercial Bank (, also transcribed as Joseon Sangup Bank), then in 1950 Korea Commercial Bank (). By the 1990s, Korea Commercial Bank was still one of the five most prominent banks in South Korea, alongside Chohung Bank, Korea First Bank, Hanil Bank, and Seoul Bank. It suffered from the 1997 Asian financial crisis, however, and was eventually merged with Hanil Bank to form Woori Bank. Background Modern financial development in Korea started with the Japan–Korea Treaty of 1876 and the subsequent entry into the country of joint-stock Japanese banks, which themselves had only been established in the course of that same decade. Thus, the Dai-Ichi Bank ("First Bank"), Japan's firs ...
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Wonju
Wonju (; ) is the most populous Administrative divisions of South Korea, city in Gangwon Province, South Korea, with a population of 364,860 as of 2023. The city is located approximately east of Seoul. History During the time of Joseon, Great Joseon, Wonju was the capital of the historic Gangwon Province (pre-1910), Gangwon Province, one of the Eight Provinces of Korea. Korean War Wonju was the site of the first ever massacres conducted by the Republic of Korea Army against Bodo League massacre, suspected communists that occurred on 30 June 1950. On 2 July of the same year, the Korean People's Army attacked Wonju before capturing it on 7 July. Throughout the Korean War, Wonju was the site of Battle of Wonju (other), three crucial battles. Geography Wonju sits at the southwestern corner of Gangwon Province, bordering Gyeonggi Province to the west and North Chungcheong Province to the south. Within Gangwon, Wonju borders Yeongwol County to the east and Hoengseo ...
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Daejeon
Daejeon (; ) is South Korea's list of cities in South Korea, fifth-largest metropolis, with a population of nearly 1.5 million. Located in a central lowland valley between the Sobaek Mountains and the Geum River, the city is known both as a technology and research center, and for its close relationship with the natural environment. Daejeon serves as a hub of transportation for major rail and road routes, and is approximately 50 minutes from the capital, Seoul, by Korea Train Express, KTX or Suseo high-speed railway, SRT high speed rail. Daejeon (along with Seoul, Gwacheon and Sejong City) is one of South Korea's administration hubs. The city is home to 23 universities and colleges, including KAIST, Korea Advanced Institute of Science and Technology (KAIST) and Chungnam National University, as well as government research institutes, and research and development centers for many chaebols such as Samsung, LG, mostly located in the city's ''Daedeok Innopolis, Daedeok Yeongu Danj ...
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Busan
Busan (), officially Busan Metropolitan City, is South Korea's second list of cities in South Korea by population, most populous city after Seoul, with a population of over 3.3 million as of 2024. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, with its port being South Korea's busiest and the sixth-busiest in the world. The surrounding "Southeastern Maritime Industrial Region" (including Ulsan, South Gyeongsang Province, South Gyeongsang, Daegu, and part of North Gyeongsang Province, North Gyeongsang and South Jeolla Province, South Jeolla) is South Korea's largest industrial area. The large volumes of port traffic and urban population in excess of 1 million make Busan a Large-Port metropolis using the Southampton System of Port-City classification. As of 2019, Busan Port is the primary port in Korea and the world's sixth-largest container port. Busan is divided into 15 major administrative districts and a single co ...
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Daegu Modern History Museum
Daegu (; ), formerly spelled Taegu and officially Daegu Metropolitan City (), is a city in southeastern South Korea. It is the third-largest urban agglomeration in South Korea after Seoul and Busan; the fourth-largest metropolitan city in the nation with over 2.3 million residents; and the second-largest city after Busan in the Yeongnam region in southeastern South Korea. Daegu and the surrounding North Gyeongsang Province are often referred to as Daegu-Gyeongbuk, with a total population of over 5 million. Daegu is located in south-eastern Korea about from the coast, near the Geumho River and its mainstream, Nakdong River in Gyeongsang Province. The Daegu basin is the central plain of the Yeongnam region. In ancient times, the Daegu area was part of the proto-kingdom Jinhan. Subsequently, Daegu came under the control of the Silla Kingdom, which unified the Korean Peninsula. During the Joseon period, the city was the capital of Gyeongsang Province, one of the traditional ...
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